GaiaWorks Revenue, Valuation, Funding & Investors

GaiaWorks is valued at $371M as of February 2017, a 21.8x multiple on its last reported $17M revenue.

Last GaiaWorks valuation

$371M

Series B · Feb 2017

Last GaiaWorks funding round

$77M

Series D · Dec 2020

GaiaWorks revenue

$17M

Series B · Feb 2017

Key investors in GaiaWorks

  • Matrix Partners China
  • Warburg Pincus
  • Tiger Global
  • Tencent
  • GGV Capital
  • EDBI

GaiaWorks Overview

About GaiaWorks

GaiaWorks is a developer of workforce management software headquartered in the Philippines. Its platform combines time clocks, shift scheduling, and labor forecasting for retail and hospitality businesses. GaiaWorks integrates with payroll systems like ADP and supports multi-site operations in Southeast Asia with mobile apps for employee self-service.


Founded

2009

HQ

ChinaSuzhou

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$17M (Feb 2017)

Valuation

$371M (Feb 2017)

GaiaWorks Valuation

GaiaWorks is currently valued at $371M, based on its Series B in February 2017.

GaiaWorks valuation by funding round

GaiaWorks valuation by funding round
DateStageValuationRevenue Multiple
Feb 2017Series B$371M21.8x

GaiaWorks Revenue

GaiaWorks' latest recorded revenue is $17M, as of its Series B in February 2017. At a $371M valuation, that implies a 21.8x revenue multiple.

GaiaWorks revenue by funding round

GaiaWorks revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2017$17M$371M21.8xSeries B

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

GaiaWorks Funding History

GaiaWorks has raised a total of $147M across 4 funding rounds.

GaiaWorks' first fundraising round was a $7M Series B in February 2017. The most recent completed round was a $77M Series D in December 2020.

GaiaWorks funding rounds

GaiaWorks funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2020Series DGGV Capital (lead); Matrix Partners China; Index Capital; Tencent; EDBI$77M-GaiaWorks, founded in 2009 and headquartered in Suzhou, China, is a leading provider of workforce management cloud services, serving over 1,500 enterprise customers and 5 million frontline workers across 24 countries in Asia-Pacific, Europe, and North America. The company helps clients control labor costs, enhance workforce efficiency, reduce compliance risks, and improve employee engagement. On December 8, 2020, GaiaWorks closed a Series D1 funding round of RMB 500 million (approximately $76.5 million USD), led by GGV Capital with participation from Tencent, EDBI, Index Capital, and existing investor Matrix Partners China. The funding reflects strong investor confidence in GaiaWorks' market leadership in China and the Asia-Pacific region for workforce management SaaS, with top-tier clients driving complex needs met by its products, technology, and services. GGV Capital's managing partner Eric Xu highlighted GaiaWorks as an excellent innovative SaaS company poised for faster growth and global expansion into a Chinese global leader. Prior investors include Tiger Global Management and Warburg Pincus, with total funding across five rounds reaching $148.27 million USD by that point. GaiaWorks operates in a competitive landscape alongside global players like Gusto, Paycor, ADP, Paychex, and TriNet. The Series D1 round supports strategic expansion, product development, and market penetration, building on its established reputation.
Jan 2019Series CTiger Global (lead); Matrix Partners China; Warburg Pincus$44M-GaiaWorks is a Chinese workforce cloud management software company founded in 2009 and headquartered in Suzhou, providing solutions for real-time HR management, electronic contracts, intelligent scheduling, complex attendance, flexible staffing, lean work hours, sales commissions, payroll settlement, employee self-service, and analytics to control labor costs and improve efficiency. Investors include GGV Capital, Tencent, Tiger Global Management, Warburg Pincus, Matrix Partners, and EDBI, with contact at 4006296868 and website www.gaiaworks.cn.
Aug 2017Series BWarburg Pincus (lead); Matrix Partners China$19M-GaiaWorks is a Suzhou-based workforce management (WFM) software provider founded in 2009 by Zhang Xinbo, a former employee of BenQ and Kronos who brought deep expertise in workforce scheduling. The company developed cloud-based intelligent scheduling applications that use prediction algorithms analyzing historical business and operational data to help enterprises reduce labor costs, ensure regulatory compliance, and gain workforce insights. In August 2017, GaiaWorks raised $19 million (RMB 130 million) in a Series B+ funding round led by Warburg Pincus, with participation from Matrix Partners China and Genesis Capital Hong Kong. Prior to this round, the company had secured a total of $30 million across Series A and Series B funding in 2016 and earlier in 2017. The company competed in the competitive HR SaaS market alongside global players like Kronos and local competitors, serving labor-intensive industries across China. In May 2018, GaiaWorks acquired Yiqin Software, an attendance management platform serving 1.5 million employees across over 400 Chinese enterprises, expanding its market presence and capabilities.
Feb 2017Series B-$7M$371MGaiaWorks is a Chinese company founded in 2009 and based in Suzhou that develops optical circuit switching technology for software-defined networks and data centers. The technology supports service providers, cloud computing, content delivery, and government networks to handle content explosion in diverse markets. In August 2017, GaiaWorks raised funding at a $371.25 million pre-money valuation led by Warburg Pincus in a Series B round. The company has raised a total of approximately $148 million across five funding rounds from investors including Tencent, Warburg Pincus, and GGV Capital. GaiaWorks competes with companies like Gusto, Paycor, ADP, Paychex, and TriNet in the HR and payroll technology space.

Who has invested in GaiaWorks?

7 investors have backed GaiaWorks across its funding rounds, including Matrix Partners China, Warburg Pincus, Tiger Global, Tencent, GGV Capital and EDBI.

Lead investors include GGV Capital, Tiger Global and Warburg Pincus.


GaiaWorks Investors

Investors in GaiaWorks by funding rounds participated
InvestorHQRoundsRoleFirst check
Matrix Partners ChinaChinaBeijing3ParticipantAug 2017
Warburg PincusUnited StatesNew York City, NY2LeadAug 2017
Index CapitalChinaBeijing1ParticipantDec 2020
TencentChinaShenzhen1ParticipantDec 2020
Tiger GlobalUnited StatesNew York City, NY1LeadJan 2019

This data is available for Pro users. Sign up to see all 7 GaiaWorks investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by GaiaWorks

GaiaWorks has acquired 1 company to date.

Last acquisition by GaiaWorks was on May 15th 2018. GaiaWorks acquired Yi Qinyun for $8M.


Latest Acquisitions by GaiaWorks

Yi Qinyun
Description
Yi Qinyun is a China-based specialist in labor attendance systems and workforce time-tracking solutions, accessible via kaoqinji.com for enterprise deployment.
HQ CountryChina
HQ City
Beijing
Deal Date15 May 2018
Valuation$8M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all GaiaWorks acquisitions and their M&A valuation multiples.

Start Free Trial

GaiaWorks Competitors

GaiaWorks competitors include listed companies like Teamshares and Asure Software, and private ones like flex, Workleap, Gloat and Multiplier.

Public and private companies comparable to GaiaWorks
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
flexSouth KoreaSeoulPrivate--$366M-
WorkleapCanadaMontrealPrivate$100M-$365M3.6x
GloatUnited StatesNew York City, NYPrivate--$400M-
MultiplierUnited StatesNew York City, NYPrivate--$400M-
TeamsharesUnited StatesUnited StatesPublicly listed$472M($23M)$545M1.4x
Asure SoftwareUnited StatesUnited StatesPublicly listed$141M$20M$245M1.9x

GaiaWorks Public Comps

GaiaWorks is still privately-owned, but its public comps include Nordtech Group, AdvancedAdvT, Beisen Holding, Zaggle Prepaid Ocean, Asure Software, DHI Group, Teamshares, TON Strategy, ReadyTech and Freee.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Nordtech Group$72M$15M5.1x-25.2x-
AdvancedAdvT$72M$13M2.5x2.4x14.1x8.9x
Beisen Holding$165M$2M0.3x0.3x22.3x5.2x
Zaggle Prepaid Ocean$199M$20M1.0x1.0x10.4x10.7x
Asure Software$141M$20M2.1x1.9x15.2x8.0x
DHI Group$128M$2M2.0x2.0x108.0x7.8x
Teamshares$472M($23M)1.7x1.4x(35.0x)33.2x
TON Strategy$13M($148M)11.0x11.0x(1.0x)-

This data is available for Pro users. Sign up to see all GaiaWorks competitors and their valuation data.

Start Free Trial

Common questions about GaiaWorks

When was GaiaWorks founded?GaiaWorks was founded in 2009.
Where is GaiaWorks headquartered?GaiaWorks is headquartered in Suzhou, China.
Is GaiaWorks publicly listed?No, GaiaWorks is a private, VC-backed company.
What is GaiaWorks' valuation?GaiaWorks was last valued at $371M in its Series B in February 2017.
How much funding has GaiaWorks raised?GaiaWorks has raised $147M across 4 funding rounds.
What was GaiaWorks' last funding round?GaiaWorks' last funding round was a $77M Series D in December 2020, led by GGV Capital.
Who are GaiaWorks' investors?GaiaWorks' investors include Matrix Partners China, Warburg Pincus, Index Capital, Tencent, Tiger Global, EDBI and GGV Capital.
What is GaiaWorks' revenue?GaiaWorks' latest recorded revenue is $17M (February 2017).
What is GaiaWorks' revenue multiple?GaiaWorks' latest valuation implies a 21.8x revenue multiple ($371M valuation on $17M of revenue).
Which companies are comparable to GaiaWorks?Companies comparable to GaiaWorks include flex, Workleap, Gloat, Multiplier, Teamshares and Asure Software.
How many companies has GaiaWorks acquired?GaiaWorks has acquired 1 company, including Yi Qinyun.
What was the largest acquisition by GaiaWorks?The $8M acquisition of Yi Qinyun in May 2018 is the largest acquisition GaiaWorks has made to date.

See companies similar to GaiaWorks

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial